Thursday, July 18, 2013

Everyone but the big banks and their media pundits are FOR Reinstating #GlassSteagall




Remember Why Glass-Steagall Was Passed

Bloomberg
The commission's hearings and findings provided a rationale for many of the laws adopted in the 1930s to regulate banking and the securities markets, including the Glass-Steagall Act, which forced banks to split their lending and securities businesses.
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Bob's Daily Buzzword: `Glass-Steagall'
Bloomberg
July 17 (Bloomberg) -- Bob Rice, general managing partner with Tangent Capital Partners LLC, explains "Glass-Steagall." (Source: Bloomberg). Please enable JavaScript to view the comments powered by Disqus. We are going to focus on glass- steagall.
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Glass-Steagall Act: It's Needed Now More Than Ever
PolicyMic
The Glass-Steagall Act is the common name for four provisions of the Banking Act of 1933, which prohibited the merging of commercial and investment banking. It was enacted in response to the 1929 stock market collapse and subsequent financial crisis.
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Editorial: Elizabeth Warren, John McCain tackle Glass-Steagall Act
MassLive.com
Along with Warren and McCain, Democrat Maria Cantwell of Washington and independent Angus King of Maine have introduced a modern version of the 1933 Glass-Steagall Act, which separated commercial banks from investment banks following the 1929 ...
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Elizabeth Warren Takes Victory Lap, Pushes New Glass-Steagall
In These Times
On Tuesday the Senate finally approved Richard Cordray as the first director of the Consumer Financial Protection Bureau, putting an end to the two-year battle that prevented the federal agency from having a confirmed director. The CFPB was established ...
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Elizabeth Warren, the antidote to CNBC
Columbia Journalism Review
Last Friday, the senator made an appearance on “Squawk Box” to promote her 21st Century Glass-Steagall Act, which she's co-sponsoring with John McCain, and while there might not have been blood and teeth left on the floor, it was a TKO for Warren.
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Elizabeth Warren's new fight: Why the Tea Party backs it
Salon
That's the slogan accompanying Senator Elizabeth Warren's latest project, a highly anticipated bill that would reinstate the firewall between commercial and investment banking, first instituted after the Great Depression as the Glass-Steagall Act ...
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